QUICK 1:1 TECHNICAL TRADE INVERSE HEAD AND SHOULDER PATTERN WITH THE HELP OF THE DOVISH STATEMENTS PRESENTED BY JANET YELLEN DOLLAR WEAKNESS HAS CONTINUED PROVIDING FUEL TO THIS INVERSE HEAD AND SHOULDERS ON THE DAILY TIME FRAME. WE COULD SEE THIS COMPLETE TODAY WITH A BREAK OF THE NECKLINE LEADING US TO WAIT FOR THE RE-TEST OF THE NECKLINE WITH SIGNIFICANT...
With the Long-term trend being down and the break of a Short-term up-trendline, I see a Short opportunity together with Price Action Bars, ofcourse. Although We can see that Price currently is in an Range structure and we have to be Cautious for the Tests of Support and Resistance. Further we see previous Divergence of the RSI with the Dominant trend and RSI at...
We have possible running flat correction with 1:1 A:C followed by uptrend channel brakeout . Possible (3)rd wave down for new lows...